4 February 2012

Technis targets PLUS

22/09/2009 Robert Tyerman

Technology development company Technis International comes to PLUS-quoted on Thursday through an introduction handled by Bridge Hall Stockbrokers.

Bernard Hulme, the American entrepreneur who once headed software group Tadpole Technology, chairs Technis, whose flagship product is its ‘Transcribe’ voice recognition module enabling voice-to-voice language translation for short conversations. Explaining the company has already raised £500,000 in a 7.5p pre-float funding with private investors, chief executive officer Jack Kaye says London-based Technis, which already has 11 products in its portfolio, wants to use its PLUS quote to make acquisitions and attract some institutional interest.

According to Kaye, a 25-year veteran of the tech game, Technis, which is as yet ‘pre-revenue’, takes existing technology, ‘puts a spin on it’, licences it and sells on the licences. In April, the company recruited as technical adviser Dr. Peter Cochrane, former chief technical officer at BT and a ‘futurist, business guru and entrepreneur’.

Kaye says he expects Technis to have a pre-introduction market value of about £4 million.

Tags: Fundraisings, Mergers & acquisitions, PLUS Markets

Sector: Software & Computer Services

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